Summit Resources (Australia) Price on October 23, 2024
| SMM Stock | 0.01 0 6.25% |
Below is the normalized historical share price chart for Summit Resources Limited extending back to August 15, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Summit Resources stands at 0.01, as last reported on the 14th of December 2024, with the highest price reaching 0.02 and the lowest price hitting 0.01 during the day.
If you're considering investing in Summit Stock, it is important to understand the factors that can impact its price. Summit Resources is out of control given 3 months investment horizon. Summit Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the firm had a 0.28% return per unit of risk over the last 3 months. We have collected data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 40.13% are justified by taking the suggested risk. Use Summit Resources Semi Deviation of 30.67, risk adjusted performance of 0.214, and Coefficient Of Variation of 355.36 to evaluate company specific risk that cannot be diversified away.
At this time, Summit Resources' Common Stock Shares Outstanding is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 4.4 M in 2024, whereas Common Stock is likely to drop slightly above 109.2 M in 2024. . Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.0206 | 50 Day MA 0.0163 | Beta 1.229 |
Summit |
Sharpe Ratio = 0.2837
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Estimated Market Risk
| 141.45 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.28 actual daily | 22 78% of assets perform better |
Based on monthly moving average Summit Resources is performing at about 22% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Summit Resources by adding it to a well-diversified portfolio.
Price Book 0.2181 | Book Value (0) | Enterprise Value 2.2 M | Enterprise Value Ebitda (0.11) | Price Sales 436.4329 |
Summit Resources Valuation on October 23, 2024
It is possible to determine the worth of Summit Resources on a given historical date. On October 23, 2024 Summit was worth 0.015 at the beginning of the trading date compared to the closed value of 0.0175. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Resources stock. Still, in general, we apply an absolute valuation method to find Summit Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Summit Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.02 | 0.02 | 0.02 | 0.02 | 135,729 | |
10/23/2024 | 0.01 | 0.02 | 0.01 | 0.02 | 333,382 |
| 0.02 | 0.02 | 0.02 | 0.02 | 97,997 |
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Summit Resources Trading Date Momentum on October 23, 2024
| On October 24 2024 Summit Resources Limited was traded for 0.02 at the closing time. The maximum traded price for the trading interval was 0.02 and the lowest daily price was 0.02 . The daily volume was recorded at 98 K. The volume of trading on 24th of October 2024 played a part in the next trading day price appreciation. The trading price change to the next closing price was 14.29% . The trading price change to the closing price today is 80.00% . |
Summit Resources Fundamentals Correlations and Trends
By evaluating Summit Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Summit Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Summit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Summit Resources Stock history
Summit Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Summit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Summit Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Summit Resources stock prices may prove useful in developing a viable investing in Summit Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1 B | 1.1 B | |
| Net Loss | -397.9 K | -417.8 K |
Summit Resources Stock Technical Analysis
Summit Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Summit Resources Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
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Summit Resources December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Summit Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Summit Resources shares will generate the highest return on investment. By undertsting and applying Summit Resources stock market strength indicators, traders can identify Summit Resources Limited entry and exit signals to maximize returns
Summit Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Resources' price direction in advance. Along with the technical and fundamental analysis of Summit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Summit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.214 | |||
| Jensen Alpha | 37.4 | |||
| Total Risk Alpha | 22.06 | |||
| Sortino Ratio | 0.6395 | |||
| Treynor Ratio | 1.68 |
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Additional Tools for Summit Stock Analysis
When running Summit Resources' price analysis, check to measure Summit Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Resources is operating at the current time. Most of Summit Resources' value examination focuses on studying past and present price action to predict the probability of Summit Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Resources' price. Additionally, you may evaluate how the addition of Summit Resources to your portfolios can decrease your overall portfolio volatility.